Trump civil fraud trial verdict: $364M penalty imposed

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The judge ruled against Trump, imposing a $364 million penalty. He also barred Eric Trump and Donald Trump Jr. from serving as an officer or director of any New York corporation for two years.

A New York judge has reached a verdict in former President Donald Trump’s monthslong civil business fraud trial. Judge Arthur Engoron ruled against Trump, imposing a $364 million penalty after a 2½-month trial.Trump also was barred from serving as an officer or director of any New York corporation for three years, and his sons Eric Trump and Donald Trump Jr. are barred from serving as an officer or director of any New York corporation for two years.

He listed unfinished buildings as if they were complete, and apartments under rent-control as if they were free of such rules. He showed restricted funds as if they were liquid cash. And Trump valued Mar-a-Lago as a single residence, though he had signed away rights to develop it as anything but a club.

 

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Verdict reached in Trump civil fraud trialThe judge ruled against Trump, imposing a $364 million penalty. He also barred Eric Trump and Donald Trump Jr. from serving as an officer or director of any New York corporation for two years.
Source: fox5ny - 🏆 587. / 51 Read more »